29 Simcoe Plaza, Terrace Bay (TB-92), Ontario, P0T2W0
This retail property in Terrace Bay is for sale. It has been on the market 223 days, fresher than the Terrace Bay average of 465 days.
Investor opportunity in one of Terrace Bay’s most sought after commercial locations! This well-established plaza sits in a prime high-visibility area and features 6 total units, offering excellent potential for both immediate income and future growth. Three units are currently occupied, including a major anchor tenant - Canada Post - drawing consistent daily traffic to the property. The remaining three vacant units provide a fantastic opportunity for an investor to increase revenue by bringing in additional tenants. Ideally located near major highways, Lake Superior, and a Tesla charging station, this plaza benefits from strong exposure to both local residents and travelers passing through the area. With existing tenancy, strong location appeal, and room to grow the rental income, this property is a fantastic investment opportunity in one of Terrace Bay’s key commercial hubs. Contact your Realtor today for more information. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 223 days on market, against an average age of 465 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 90 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 90.3 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Terrace Bay (TB-92) has been listed for 223 days, which is 242 days fresher than the city average of 465. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $699,900, about 9.1× the local median household income of $77,000.
Carrying it typically needs a household income of about $136,715 (20% down, 25-yr amortization, stress-tested) — roughly 78% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0T)
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